Tumor-agnostic Rozlytrek approved in Europe

3 August 2020

A double approval in Europe for tumor-agnostic Rozlytrek (entrectinib) has lit a fire under the share price of Swiss cancer giant Roche (ROG: SIX).

As investors considered the impact of the decision, Roche stock ticked steadily upwards on Monday, topping 323 Swiss francs by mid-afternoon, a near-3% increase.

The regulatory approval covers people with NTRK fusion-positive solid tumors and people with ROS1-positive advanced non-small cell lung cancer (NSCLC).

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